ITT Inc (ITT)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,630,700 | 3,530,800 | 3,467,700 | 3,395,700 | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 |
| Receivables | US$ in thousands | 703,000 | 802,000 | 706,300 | 752,000 | 675,200 | 674,000 | 689,300 | 669,900 | 628,800 | 628,900 | 605,700 | 615,800 | 555,100 | 560,200 | 553,400 | 546,300 | 507,500 | 490,200 | 463,200 | 573,900 |
| Receivables turnover | 5.16 | 4.40 | 4.91 | 4.52 | 4.86 | 4.79 | 4.58 | 4.57 | 4.75 | 4.61 | 4.68 | 4.54 | 4.98 | 4.98 | 4.86 | 4.60 | 4.88 | 5.08 | 5.63 | 4.90 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,630,700K ÷ $703,000K
= 5.16
The receivables turnover ratio for ITT Inc has fluctuated over the past few years, ranging from a low of 4.40 to a high of 5.63. The ratio measures how efficiently the company is able to collect cash from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally a positive sign.
Looking at the trend, we can see that the ratio peaked in June 2020 at 5.63 and then experienced some fluctuations over the following years. It decreased to 4.54 in March 2022 before gradually increasing again to 5.16 by December 2024.
Overall, the trend in ITT Inc's receivables turnover ratio suggests that the company has been effectively managing its accounts receivable, with some variations in collection efficiency over time. It is important for the company to continue monitoring and improving its receivables turnover to ensure healthy cash flow and working capital management.
Peer comparison
Dec 31, 2024